SCorpDesk / 2026 S-Corp & QBI Guides / Mississippi (MS) 2026 S-Corp Tax Calculator, PTET Election & Franchise Tax Guide
Mississippi (MS) 2026 S-Corp Tax Calculator, PTET Election & Franchise Tax Guide
What are the 2026 S-Corp tax and PTET rules in Mississippi?
In Mississippi (MS), the 2026 S-Corporation election rule is: Recognizes Federal Form 2553 (Form 84-105). For the Pass-Through Entity Tax (PTET) deduction: 4.40% Mississippi Electing Pass-Through Entity Tax. Entity-level franchise/minimum tax: Franchise Tax Repealed for 2026+.
In Mississippi (MS), the 2026 S-Corporation election rule is: Recognizes Federal Form 2553 (Form 84-105). For the Pass-Through Entity Tax (PTET) deduction: 4.40% Mississippi Electing Pass-Through Entity Tax. Entity-level franchise/minimum tax: Franchise Tax Repealed for 2026+.
Open Mississippi 2026 S-Corp & 20% Permanent QBI Calculator
2026 Mississippi (MS) S-Corporation Statutory Tax Matrix
| Mississippi S-Corp Compliance Area | 2026 Statutory Rule |
|---|---|
| State S-Corp Election Recognition | Recognizes Federal Form 2553 (Form 84-105) |
| Pass-Through Entity Tax (PTET) Election | 4.40% Mississippi Electing Pass-Through Entity Tax |
| Annual Minimum / Franchise Tax | Franchise Tax Repealed for 2026+ |
| Federal Section 199A QBI Deduction | Up to 23% of qualified K-1 income under Public Law 119-21 |
| Home Office & Mileage Deduction Method | Must use an IRC Section 62(c) Corporate Accountable Plan |
Frequently Asked Questions
Does Mississippi require a separate state S-Corp election in 2026?
For Mississippi (MS): Recognizes Federal Form 2553 (Form 84-105).
What is the Mississippi S-Corp franchise or minimum tax for 2026?
In Mississippi: Franchise Tax Repealed for 2026+.